#158 - David Feldman (Why Does College Cost So Much?)

Million Dollar Stories with Mike Fallat

Mike interviews David Feldman.
In this episode, we delve into the thought-provoking book "Why Does College Cost So Much?" by David H. Feldman. Join us on a journey into the heart of one of the most pressing questions in higher education.
David H. Feldman, an acclaimed economist, takes us on a compelling exploration of the factors contributing to the escalating costs of higher education. In "Why Does College Cost So Much?" Feldman doesn't just analyze; he unpacks the intricacies, challenges assumptions, and provides a nuanced understanding of the economic forces at play.
As we navigate the pages of this book, we confront the multifaceted nature of the college cost dilemma. Feldman dissects the components that make up the cost structure of universities, from faculty salaries and administrative expenses to the relentless pursuit of academic excellence. Through meticulous research and insightful analysis, he unveils the layers that often elude the public eye.
One of the key focal points is the role of increased administrative expenses and the expanding array of services offered by universities. Feldman guides us through the evolution of the modern university, exploring how the quest for competitiveness and the growing demand for amenities have contributed to the rising costs that students and families grapple with today.
The book also addresses the complex interplay between federal and state funding, endowments, and tuition fees. Feldman illuminates the economic dynamics that have led to a significant shift in the funding landscape of higher education and examines the consequences for both institutions and students.
Moreover, "Why Does College Cost So Much?" doesn't shy away from the implications of rising student debt. Feldman provides a sobering look at the financial challenges faced by students and their families, offering insights into the broader economic implications of the student debt crisis.
In this episode, we navigate through the controversies and debates surrounding the book. We explore how Feldman's research has contributed to the ongoing dialogue about the accessibility and affordability of higher education. Whether you're a student, a parent, an educator, or simply curious about the forces shaping our educational institutions, this episode promises a thought-provoking exploration of "Why Does College Cost So Much?"
Feldman's work challenges us to question preconceived notions and prompts a deeper reflection on the fundamental economics of higher education. Join us on this intellectual journey as we unravel the complexities behind the cost of college and consider the implications for the future of education in our society.
Thank you for tuning in to Million Dollar Stories. Let's embark on this exploration together and gain a deeper understanding of the economic intricacies that underpin the world of higher education in "Why Does College Cost So Much?" by David H. Feldman.

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